The board of Dynex Capital (DX) approves a $50M share repurchase program, saying the company...

|About: Dynex Capital Inc. (DX)|By:, SA News Editor

The board of Dynex Capital (DX) approves a $50M share repurchase program, saying the company will only execute buy-backs when the share price is less than book value. The current price is $9.50; book value of $10.31 was reported as of Sept. 30. $50M represents a bit less than 10% of the current market cap. (PR)